What You Need to Know
- Rental car companies often sell their vehicles as used cars after their rental periods end.
- Used rental cars frequently retail for less than comparable used cars on dealer lots.
- Customers treat rental cars, well, like rental cars during their active life, and may show significant wear.
Many rental car companies sell vehicles from their fleets year-round, sending tens of thousands to dealerships across the country. As new models become available, rental car agencies regularly refresh their lineup to offer the most attractive options to potential renters. As costs for new and used models remain high, these cars can be an excellent option depending on the vehicle’s condition and the sale price. As with any big purchase, there are many factors to consider based on your personal situation. Here’s what you need to know if you’re considering buying a formal rental car.
Pros and Cons of Buying a Rental Car
Rental Car Companies That Sell Cars
Should You Buy a Rental Car?
Buying a rental car can be a good option when shopping for a newer model at a great price in today’s used car market. Rental cars for sale are typically newer models, but the odometer reading will vary widely from one vehicle to the next. Some may also still be within the factory warranty limits.
Wise shoppers will exercise caution, just as they should when buying from a private seller. Review the history report and assess the wear and tear before deciding if it’s the right purchase for your situation. Have a mechanic perform a thorough inspection to ensure the vehicle’s condition before buying. With proper diligence, an ex-rental car can be a reliable and cost-effective choice for a savvy shopper.
Pros and Cons of Buying a Rental Car
There are pros and cons to buying a rental car. As with any big purchase, weigh these against your own individual situation to decide what’s right for you.
Can You Finance a Former Rental Car?
While car rental companies may not offer direct financing, you can still apply for an auto loan through your bank or credit union to cover the purchase. If the ex-rental is at a used-car lot, you can also consider the dealership’s financing options.
Visit the Autotrader Affordability Hub for everything you need to know about financing your car.
Rental Car Companies That Sell Cars
Several rental car companies, including (but not limited to) the agencies below, sell their used vehicles to the public as part of their business operations:
Others sell off parts of their fleet to dealerships as they upgrade and refresh their rental lineup. Cars have typically been well-maintained during their tenure with the rental service, and some may also come with additional warranties and inspections.
Editor’s Note: This article has been updated since its initial publication. Doug Demuro contributed to this report.
